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STW announces US$7 million pipeline contract

World Pipelines,

STW Resources Holding Corp, an integrated provider of maintenance and construction of oilfield pipelines, water management, including water processing, desalination, reclamation and remediation, announced today that STW Pipeline has signed a contract with a major midstream pipeline company. The contract is to repair and maintain oil and gas pipelines in the Permian Basin of west Texas over the next twelve months.

STW Pipeline is deploying new crews and equipment next week. This type of controlled, profitable growth is the company’s strategy as set forth in a recent quarterly filing release.

STW Pipeline President Adam Jennings stated, “STW Pipeline is poised to grow with new projects and contracts in the second half of this year. The contract with this major midstream company is just the initial business we can get from this customer. We can do this amount of work and increase the business from this customer over the next twelve months significantly. We are also submitting proposals and bids for this type of work from the other mid-stream pipeline companies.”

Adapted from press release by Hannah Priestley-Eaton

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